Industry ranking
AUTOSMART INTERNATIONAL LTD exhibits a consistent payment trend, with an average time of 33 days, indicating a routine practice of settling invoices slightly beyond 30 days. The majority of payments (57%) fall within the 31-60 day bracket, showing a stable trajectory rather than deteriorating payment speed. Only a small fraction (5%) extends beyond 60 days, suggesting a predictable pattern.
Payment reliability for AUTOSMART INTERNATIONAL LTD is reasonably high; 95% of payments are settled within 60 days, implying a predictable cycle just beyond a typical 30-day term. The low 6% late payment rate further indicates minimal volatility and a consistent commitment to honoring obligations, mitigating significant risk of prolonged delays. Suppliers can anticipate payments within the 31-60 day window with high certainty.
Suppliers can consider AUTOSMART INTERNATIONAL LTD a reliable partner, provided their cash flow can accommodate an average 33-day payment cycle. The company consistently pays within 31-60 days for most invoices, with very low risk of significant delinquency or widespread late payments. It is recommended to align payment terms and cash flow expectations to this slightly extended but predictable payment window.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Feb 2025 - 05 Apr 2025 | 23 Jul 2025 | 33 | 38% | 57% | 5% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Most frequently used payment terms are 27 day from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Our ethos is to pay suppliers to term. Budget owners are responsible for resolving disputes and complaints with support from directors where necessary. Finance review outstanding queries daily. The business monitors overdue payment as a monthly KPI.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Autosmart International Ltd, based in Shenstone, Lichfield, manufactures vehicle cleaning and hygiene products for trade customers. Incorporated in 1978, the company describes itself as the UK and Ireland's largest manufacturer and distributor of vehicle and food processing cleaning products, producing over 300 items in-house. Customers include car dealerships, valeters, hauliers, vehicle rental firms, bodyshops, agricultural dealers, coach and bus operators, plant hire businesses and food processors. Products reach customers through a network of more than 150 franchised mobile showrooms operating across the UK and Ireland, delivering directly with no minimum order requirements. The company also runs a valeting training school and states it cleans over half of the UK's new cars before sale.
Generated from the company's website and Companies House records. Sources: autosmart.co.uk · autosmart.co.uk · autosmart.co.uk